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Syuppin fiscal Q3 profit climbs 59.3% YOY

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Syuppin fiscal Q3 profit climbs 59.3% YOY

Syuppin Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥213.1 million, a gain of 59.3% from ¥133.8 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 3.9% from 3.2% in the year-earlier period.

Total revenue climbed 33.5% on an annual basis to ¥5.54 billion from ¥4.14 billion, and total operating expenses climbed 32.1% on an annual basis to ¥5.19 billion from ¥3.93 billion.

Reported net income came to ¥219.0 million, compared with ¥132.0 million, or ¥11.05 per share, in the year-earlier period.

As of Feb. 12, US$1 was equivalent to ¥118.90.